The Supreme Court dismissed SEBI’s appeal against the SAT ruling that cleared Mukesh Ambani of penalties for the 2007 Reliance Petroleum stock manipulation case, citing no question of law. However, the Court will hear SEBI’s appeal regarding SAT’s relief to RIL on December 2, 2023. Senior advocates represented both parties.
Today, On 25th June, The Delhi High Court stayed Chief Minister Arvind Kejriwal’s release, citing errors in the lower court’s decision to grant him bail in a money laundering case related to an alleged excise scam. The High Court emphasized that the lower court failed to “properly evaluate” evidence presented by the Enforcement Directorate, and stated the stay order.
Today (3rd May): The Supreme Court is considering the possibility of granting interim bail to Delhi CM Arvind Kejriwal during the Lok Sabha Elections in light of his arrest by the ED. The court raised concerns regarding the timing of the arrest and potential liability under the PMLA. Kejriwal’s counsel questioned the rationale behind his arrest, emphasizing that his scheduled appearance had been known.